Sun Life Financial's Investor Day Focuses on Successes in U.S.-based Businesses

NewswireToday - /newswire/ -
Toronto, Ontario, Canada, 2009/11/19 - Sun Life Financial has created a solid foundation for sustainable growth, company executives said during an Investor Day in New York City, which focused on U.S.-based businesses Sun Life Financial U.S. and MFS Investment Management. TSX/NYSE: SLF

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!

"Globally, Sun Life Financial's enduring success is founded upon our balanced business model. Our protection businesses provide the ability to deliver more stable and consistent earnings while our wealth businesses, which range from retail and institutional asset management to annuity and group pension, continue to benefit from demographic factors affecting retirement," said Jon Boscia, President of Sun Life Financial.

In Sun Life's U.S. operations, total Q3 '09 sales, excluding the offshore market, reached a record-breaking US$1.6 billion, up 23% from the third quarter of 2008. A driving force behind the jump in total sales was the Annuities Division, which achieved total domestic sales of US$1.4 billion, an increase of 30% from the same period last year.

Sun Life's U.S. distribution reach is also serving the Company well, thanks to strong penetration within top-tier strategic partners including M Financial, Morgan Stanley Smith Barney and UBS.

Meanwhile, strong relative investment performance at MFS resulted in positive net flows of $7.7 billion in the third quarter of 2009. This outstanding investment performance, coupled with expanded distribution capabilities, positions MFS to be a strong contributor to sales and earnings growth at Sun Life.

"Our strong net sales growth in 2009 reflects the solid relative performance of our investment line-up, as well as our extensive global distribution capabilities. MFS will continue to expand upon its product offerings and distribution network, adding personnel where appropriate," said Robert Manning, Chief Executive Officer of MFS.

The conference also highlighted a stronger focus on creating greater U.S. consumer awareness. Sun Life U.S. and MFS have made significant strategic investments in branding and marketing during the last year.

"Sun Life's businesses have maintained momentum even during the worst of the recession," said Boscia. "Now that the economy is entering a recovery period, we are well positioned to capitalize on growth opportunities globally."

About Sun Life Financial
Sun Life Financial (sunlife.com) is a leading international financial services organization providing a diverse range of protection and wealth accumulation products and services to individuals and corporate customers. Chartered in 1865, Sun Life Financial and its partners today have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda. As of September 30, 2009, the Sun Life Financial group of companies had total assets under management of C$412 billion.

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.

Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Sun Life Assurance Company securities in any jurisdiction including any other companies listed or named in this release.